diff --git a/drivers/net/netconsole.c b/drivers/net/netconsole.c
index 2c2aef1ae8eb..e56aa6c9743f 100644
--- a/drivers/net/netconsole.c
+++ b/drivers/net/netconsole.c
@@ -53,6 +53,15 @@ static char config[MAX_PARAM_LENGTH];
 module_param_string(netconsole, config, MAX_PARAM_LENGTH, 0);
 MODULE_PARM_DESC(netconsole, " netconsole=[src-port]@[src-ip]/[dev],[tgt-port]@<tgt-ip>/[tgt-macaddr]\n");
 
+#ifndef	MODULE
+static int __init option_setup(char *opt)
+{
+	strlcpy(config, opt, MAX_PARAM_LENGTH);
+	return 1;
+}
+__setup("netconsole=", option_setup);
+#endif	/* MODULE */
+
 static struct netpoll np = {
 	.name		= "netconsole",
 	.dev_name	= "eth0",
@@ -60,7 +69,6 @@ static struct netpoll np = {
 	.remote_port	= 6666,
 	.remote_mac	= {0xff, 0xff, 0xff, 0xff, 0xff, 0xff},
 };
-static int configured;
 
 static void write_msg(struct console *con, const char *msg, unsigned int len)
 {
@@ -85,26 +93,19 @@ static struct console netconsole = {
 	.write	= write_msg,
 };
 
-static int __init option_setup(char *opt)
-{
-	configured = !netpoll_parse_options(&np, opt);
-	return 1;
-}
-
-__setup("netconsole=", option_setup);
-
 static int __init init_netconsole(void)
 {
 	int err = 0;
 
-	if (strnlen(config, MAX_PARAM_LENGTH))
-		option_setup(config);
-
-	if (!configured) {
+	if (!strnlen(config, MAX_PARAM_LENGTH)) {
 		printk(KERN_INFO "netconsole: not configured, aborting\n");
 		goto out;
 	}
 
+	err = netpoll_parse_options(&np, config);
+	if (err)
+		goto out;
+
 	err = netpoll_setup(&np);
 	if (err)
 		goto out;